Hotels, Motels & Cruise Lines

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Hotel Properties Ltd announces divestment of shares in associated company

Friday, 19 Dec 2014

Hotel Properties Ltd:Enters into share transfer agreement with General Mills Asia Pte. Ltd, to sell its entire 49 pct interest comprising 245,000 ordinary shares in capital of Pinedale Holdings Pte Ltd, an associated company of Company, and shareholder’s loan made by HPL to Pinedale Holdings to General Mills Asia.Says for total consideration of S$15 mln.General Mills Asia is an independent and unrelated party.

FUJITA KANKO INC to establish subsidiary

Thursday, 18 Dec 2014

FUJITA KANKO INC:To establish a wholly owned subsidiary based in Osaka, Japan on Jan. 30, 2015.New subsidiary to be engaged in wedding and restaurant businesses.New subsidiary to be capitalized at 10 million yen.

Safestay PLC announces placing to raise 3.3 mln pounds

Wednesday, 17 Dec 2014

Safestay PLC:Raises about 3.315 mln pounds (before expenses) by way of a placing by Westhouse Securities of 6,027,272 new ordinary shares of 1 pence each at a price of 55 pence per new ordinary share with institutional and other investors.New Ordinary Shares will represent about 31.3 pct. of the company's share capital, as enlarged by the placing.Intends to use about 2.0 mln pounds to finance the renovation and refurbishment of its recently leased Holland Park property.Further 0.5 mln pounds will be used to repay part of the short term loan provided by Bredbury Limited as part of the consideration for the acquisition of the York hostel in May 2014, with the balance being used for working capital purposes.

InterContinental Hotels Group to acquire Kimpton Hotels & Restaurants

Tuesday, 16 Dec 2014

InterContinental Hotels Group PLC:To acquire Kimpton Hotels & Restaurants for $430 mln in cash.Acquisition makes IHG the clear market leader in the boutique segment, the fastest growing segment in the industry.BofA Merrill Lynch acted as financial adviser to IHG.

Peak Resorts declares initial cash dividend

Monday, 8 Dec 2014

Peak Resorts:Declares its first-ever cash dividend of 10.91 cents per share of common stock.Payable on Feb. 20, 2015, to stockholders of record on Jan. 02, 2015.

Shanghai Jin Jiang International Hotels Development Co Ltd completes private placement

Saturday, 6 Dec 2014

Shanghai Jin Jiang International Hotels Development Co Ltd:Issued 201,277,000 shares at 15.08 yuan per share through private placement to two Shanghai-based entities.Raised 3,035,257,160 yuan.A Shanghai-based equity investment fund partnership is holding 12.43 pct stake (100 million shares) in the company up from 0 pct.

Tallink Grupp AS announces election of chairman of the supervisory board

Friday, 5 Dec 2014

Tallink Grupp AS:Announces that the company's supervisory board has unanimously elected Enn Pant as the new chairman of the supervisory board effective from Jan. 1, 2015.

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